Greenlight Capital Q2 Letter
Source: http://briskycapital.blogspot.com/2009/07/greenlight-capital-q2-letter.htmlPosted on Friday, July 17th, 2009 | In Energy Markets, Market Commentary
I’m always paying attention to David Einhorn’s Greenlight Capital hedge fund. I think he’s one of the best out there not only at running the fund, but being open and transparent about his style/strategy. His 2nd quarter a href=”http://dealbreaker.com/images/thumbs/GreenLanternSecondQuarterLetter.pdf”letter is out, and here it is, via Dealbreaker/a. br /br /As I mentioned at the end of last week, he move all their gold holdings from the ETF to bullion. The fees were higher in the ETF, believe it or not (I do), than paying to hold physical gold. When you’re buying that much, the ETF expenses really add up. I also noticed that they’ve lightened up quite a bit on long exposure. I think its clear that the easy money off the bottom has already been made.div class=”blogger-post-footer”img width=’1′ height=’1′ src=’https://blogger.googleusercontent.com/tracker/819581243324579563-1549766935809140035?l=briskycapital.blogspot.com’//div
Last 5 posts by Michael E. Brisky
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 About Michael E. Brisky (http://briskycapital.blogspot.com)
Welcome to "In the Know." Here I discuss macro trends in the market, and how I think investors can profit from them. I particularly follow energy stocks and other beneficiaries of secular growth. My investing style would best be described as a hybrid. A hybrid of value and growth; of fundamental and technical analysis. I think you have to be flexible to be a successful investor, but also disciplined. |
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